India's oil reserve funding gap raises energy security concerns
pre-market1 source ↓written by the desknot a recommendation
- on strategic petroleum
- ₹1,039 crore
- reserves currently only
- 64% full
- drops further
- ₹200 crore
India plans to spend ₹1,039 crore on strategic petroleum reserves in FY26, far below the budgeted ₹5,876 crore. This shortfall comes amid rising energy security concerns due to West Asia tensions, with reserves currently only 64% full. The allocation for FY27 drops further to ₹200 crore, heightening worries over preparedness for supply disruptions.
Not investment advice. For informational purposes only.